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Statistics Canada’s model-based report is based in part on data from sensors on the U.S. National Oceanic and Atmospheric Administration (NOAA) series of satellites. The Normalized Difference Vegetation Index (NDVI), shown here for Sept. 16 over an NOAA satellite map of North America, is used to gauge surface vegetation content. (OSPO.noaa.gov)
Crops, Markets

Canola, wheat crop size hiked in StatsCan’s view from space

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CNS Canada — Statistics Canada raised its production estimates for most crops across Western Canada in its latest report released Wednesday. Unlike traditional StatsCan reports using information gathered from phone surveys, the model-based report was based in part on coarse-resolution satellite imagery collected during the month of August. The model-based report has only been in
Harvest uncertainty holds canola in sideways trench
Grain Markets, Markets

Harvest uncertainty holds canola in sideways trench

StatsCan’s reports did little to move markets either way

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ICE Futures canola contracts held within a rather narrow range during the week ended Sept. 7, with even a pair of Statistics Canada reports unable to break the market out of its sideways pattern. Prairie harvest operations are moving north, and weather conditions and yield reports will be followed closely for at least the next
A double rainbow over a Manitoba soybean field. (ImagineGolf/iStock/Getty Images)
Crops, Markets

Smaller Manitoba soybean crop expected

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CNS Canada — Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given prospects for a large U.S. crop. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson
StatsCan data lifts, U.S. soy drags on canola futures
Grain Markets, Markets

StatsCan data lifts, U.S. soy drags on canola futures

Trade talks add volatility on the Canadian dollar

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Canola futures found themselves in a sea of volatility during the week ended Aug. 31 as trade negotiations, an improving weather situation across Western Canada and a key report by Statistics Canada took turns pulling futures up and down. The government agency, in its Aug. 31 report, estimated Canadian canola production at 19.2 million acres,
(Peggy Greb photo courtesy ARS/USDA)
Crops, Pulses

Ontario bean production seen well above StatsCan estimate

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CNS Canada — Ontario bean growers are voicing skepticism of Statistics Canada’s Aug. 31 bean production estimates. Estimates by the Ontario Bean Growers organization suggest farmers are poised to harvest about 101,495 tonnes this year — 28.5 per cent above the Statistics Canada number of 79,000 tonnes. OBG chair Jim Gowland said his organization reaches
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder market reflects vulnerability

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Compared to last week, western Canadian yearling markets traded within $5 on either side of unchanged. Strength was noted in the major feeding regions of Alberta while subdued buying interest was noted in other regions of the Prairies. Major operations focused on local cattle, especially in southern Alberta. Feature sales attracted larger crowds which enhanced
A corn crop in the RM of St. Andrews in Manitoba’s Interlake region on July 5, 2018. (Greg Berg photo)
Crops, Markets

U.S. grains: Corn, soy rise on short-covering

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Chicago | Reuters — U.S. corn and soybean futures rose on Friday as traders covered short positions ahead of a long holiday weekend, but both commodities posted monthly declines as prospects for large U.S. harvests weighed on prices. Wheat climbed on technical buying, along with worries about tightening global supplies. Chicago Board of Trade December

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